What I use is a trim accent product that I buy from a local hobby store called Hobby Town USA. This product is usually used on remote control airplanes. It comes as a 5” x 36” strip at $3.50 each. I cut it down to 1” x 9” pieces to use as arrow wraps, costing me .18 cents for each wrap.
This product comes in solid colors only no graphics. The hobby store usually carries the popular colors white, yellow, red, blue, black, florescent orange and florescent green but, there are a multitude of other colors that you can special order.
I have been using the florescent orange with orange feathers and this combination shows up really well in flight. This product holds up quite well too. My feathers wear out before the wraps. So, I simply peel the old feathers off and replace them and keep shooting.